What is left to residual claimants?
Subtitle: the empirics of income reported by entrepreneurs and workers
By: by Panu Poutvaara, Juha Tuomala.
Contributors: Tuomala, Juha.
Series: Discussion paper ;; no. 1178; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1178
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Businessment -- Finland; Employees -- Finland; Wages -- Finland; Income distribution -- Finland
Description: "Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs have lower incomes. We also analyze those who changed careers. Those with higher level of education are more likely to switch from entrepreneurship to workers, while education does not explain, in a statistically significant level, switching from being worker to entrepreneurship"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.